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RATIOS OF EARNINGS TO FIXED CHARGES
Calculation of Ratios of Earnings to Fixed Charges
for SEK excluding the S-system
on the Basis of U.S. Accounting Principles
| Year Ended December 31, | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
| 2001(2) | 2000(1) | 1999(1) | 1998(1) | 1997(1) | ||||||
Fixed Charges: | |||||||||||
Interest expenses | 4,781.2 | 6.429.0 | 5,153.5 | 5,334.9 | 5,038.9 | ||||||
Earnings: | |||||||||||
Net profit | (312.3 | ) | 608.7 | 600.2 | 621.0 | 552.8 | |||||
Taxes | (123.8 | ) | 212.8 | 232.3 | 245.4 | 180.9 | |||||
Fixed charges | 4,781.2 | 6,429.0 | 5,153.5 | 5,334.9 | 5,038.9 | ||||||
4,345.1 | 7,250.5 | 5.986.0 | 6,201.3 | 5,772.6 | |||||||
Ratio of earnings to fixed charges | 0.91 | 1.13 | 1.16 | 1.16 | 1.15 | ||||||
- (1)
- Restated to conform to the 2001 presentation.
- (2)
- Restated (see Note 1 (u)).